Stocks Rally After Powell Says Fed Not Afraid To Raise Rates Further If Higher Inflation Persists

Topline The stock market jumped—erasing earlier losses—after Federal Reserve Chairman Jerome Powell pledged in testimony before the Senate on Tuesday that the central bank wouldn’t hesitate to raise i...

Federal Reserve Not Afraid To Raise Rates Further If Higher Inflation Persists, Powell Says

Topline The stock market turned positive after Federal Reserve Chairman Jerome Powell pledged in testimony before the Senate on Tuesday that the central bank wouldn’t hesitate to raise interest rates ...